I was under the assumption I dont need to provide my kid a 1099 for working on our farm. Legitimate work was done.. Obviously I would like to deduct this expense ($7k for 2023 filed an extension). Current tax preparer says I need the 1099 for them. Should I pay the fee and file the 1099 late? Also what do you recommend for 2024. Thanks
fI AM SO SORRY for the late delay. We covered this on the Podcast today. Wednesday, November 20th. It will be live in the next 3-4 days. Thank you so. much for listening. Mark and Mat